EMCORE Cash from 2010 to 2024

EMKR Stock  USD 2.98  0.02  0.68%   
EMCORE Cash yearly trend continues to be relatively stable with very little volatility. Cash is likely to grow to about 35 M this year. Cash is the total amount of money in the form of currency that EMCORE has in its possession. This includes all bills, coins, and funds in bank accounts. View All Fundamentals
 
Cash  
First Reported
1996-09-30
Previous Quarter
12 M
Current Value
7.7 M
Quarterly Volatility
33.3 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check EMCORE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EMCORE's main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.4 M, Interest Expense of 771.9 K or Total Revenue of 135.5 M, as well as many indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.025 or PTB Ratio of 0.33. EMCORE financial statements analysis is a perfect complement when working with EMCORE Valuation or Volatility modules.
  
Check out the analysis of EMCORE Correlation against competitors.
To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.

Latest EMCORE's Cash Growth Pattern

Below is the plot of the Cash of EMCORE over the last few years. Cash refers to the most liquid asset of EMCORE, which is listed under current asset account on EMCORE balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EMCORE customers. The amounts must be unrestricted with restricted cash listed in a different EMCORE account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. EMCORE's Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EMCORE's overall financial position and show how it may be relating to other accounts over time.
Cash10 Years Trend
Very volatile
   Cash   
       Timeline  

EMCORE Cash Regression Statistics

Arithmetic Mean39,671,318
Geometric Mean27,698,293
Coefficient Of Variation75.07
Mean Deviation24,067,254
Median30,142,650
Standard Deviation29,781,246
Sample Variance886.9T
Range110.5M
R-Value0.11
Mean Square Error944.4T
R-Squared0.01
Significance0.71
Slope705,988
Total Sum of Squares12416.9T

EMCORE Cash History

202435 M
202330.1 M
202226.2 M
202125.6 M
202071.6 M
201930.4 M
201821.6 M

Other Fundumenentals of EMCORE

EMCORE Cash component correlations

About EMCORE Financial Statements

EMCORE shareholders use historical fundamental indicators, such as Cash, to determine how well the company is positioned to perform in the future. Although EMCORE investors may analyze each financial statement separately, they are all interrelated. The changes in EMCORE's assets and liabilities, for example, are also reflected in the revenues and expenses on on EMCORE's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

Pair Trading with EMCORE

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EMCORE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EMCORE will appreciate offsetting losses from the drop in the long position's value.

Moving together with EMCORE Stock

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Moving against EMCORE Stock

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The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EMCORE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EMCORE to buy it.
The correlation of EMCORE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EMCORE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for EMCORE Stock Analysis

When running EMCORE's price analysis, check to measure EMCORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.